Digital Assets Report

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Bricknode has launched a Software as a Service solution for financial brokers and dealers called Bricknode Broker, which allows brokers to launch a complete online brokerage system with a click. Historically, brokerage firms has been forced to integrate numerous software solutions in order to launch an online brokerage service which has led to high implementation costs and overheads.   Bricknode Broker contains a full suite of integrated user interfaces to cover back office, financial advisory and customer portal. Bricknode Broker can be expanded with add-on applications on the go by activating apps through the Bricknode Marketplace.   Brokerage firms can
The majority of global alternative firm SkyBridge Capital has been sold to  RON Transatlantic EG and HNA Capital. Financial terms of the transaction have not been disclosed but at the end of November SkyBridge managed or advised on USD12 billion. SkyBridge also hosts the SALT Conference which will be spun out as a standalone entity with this year’s event scheduled for May in Las Vegas. The announcement states that SkyBridge will continue to be led by its current senior management team and its full investment team will remain intact.  However, SkyBridge founder, Anthony Scaramucci (pictured) – who has been appointed as an adviser to US
Thomson Reuters has completed its acquisition of REDI Holdings, allowing it to incorporate a cross-asset execution management system (EMS) into its buy-side trading capabilities. REDI will now operate as Thomson Reuters REDI.   Thomson Reuters REDI will continue to provide an EMS that offers cross-asset trading functionality, powerful trade allocation, reporting and compliance tools and rich analytics via desktop application, cloud, mobile or API.    In the coming months, Thomson Reuters will begin integrating REDI’s trading capabilities with Eikon, its financial markets desktop, and Elektron, its suite of data and trading propositions, to enable institutional traders to move seamlessly from pre-trade
Fraud, cyber and security incidents are now the “new normal” for financial services companies across the world, according to the executives surveyed in the 2016/17 Kroll Annual Global Fraud and Risk Report. Nearly nine in 10 (89 per cent) executives in the sector reported that their company fell victim to fraud in the past year, highlighting the serious threat to corporate reputation and regulatory compliance.   Theft of physical assets is the most prevalent kind of fraud suffered in the sector, reported by 39 per cent of respondents. This is followed by vendor, supplier or procurement fraud (32 per cent).
Hedge funds saw gains of 4.48 per cent in 2016, posting better performance compared to a modest 1.78 per cent gain during 2015, according to the latest Eurekahedge Report. The asset base for the industry contracted USD12.2 billion in 2016, on the back of steep redemption pressure with net outflows totalling USD42.5 billion for the year.   The asset base for relative value mandated hedge funds meanwhile, expanded 17.28 per cent for the year, growing by USD9.8 billion. Relative value mandated hedge funds gained 6.30 per cent in 2016, with underlying relative value volatility hedge funds up 7.22 per cent
The Depository Trust & Clearing Corporation (DTCC) has appointed Derek West, former senior director of derivatives oversight at the Quebec Autorité des marchés financiers (AMF), as executive director and chief compliance officer for the firm’s European Global Trade Repository (GTR) business. West (pictured) will be responsible for ensuring GTR Europe remains in full compliance with European Market Infrastructure Regulation (EMIR) trade repository requirements, as well as other applicable laws and regulations.   In addition, he will coordinate EMIR supervisory activities and examinations, as well as work closely with GTR senior management and the European Securities and Markets Authority (ESMA).   At
MSCI has appointed David Zhang has head of securitised products research, a newly created role. Zhang, who previously headed modelling of securitised products at Credit Suisse, will oversee MSCI’s development of models that help traders, portfolio managers and other institutional investors analyse risk and return for securitised products.   “David Zhang is among the top fixed income modellers in the financial industry,” says Remy Briand, MSCI’s global head of research. “We are thrilled to welcome him to MSCI.”   In 11 years at Credit Suisse, Zhang designed models for measuring risk to mortgages from factors such as prepayment, volatility, home
The team behind alternative investments platform CoInvestor have launched an online service, EISWallet.com, allowing investors and their financial advisers to record and manage all of their Enterprise Investment Scheme (EIS) and unlisted investments digitally. The service, which is free to use and currently in beta phase, aims to take the hassle out of managing income tax relief as well as any capital gains implications from investing in EIS and other unlisted investments.   Instead of trawling through paperwork as the self-assessment tax return looms, investors can store details of their investments and upload share and EIS certificates to their EIS
Apex Fund Services has completed its global implementation of Metrosoft’s compliance software, Fundsphere Compliance TA. The Fundsphere platform is designed to meet the complex requirements of today’s transfer agent.   The deployment of this software across the Apex Group will deliver enhanced operational efficiencies for Apex’s 33 offices globally, plus real time TA transaction monitoring and entities screening against multiple sanction lists for its clients.   The top 20 global independent administrator will use Metrosoft’s technology to provide full data segregation and granular functionality in order to deliver an enhanced service to clients.   Sonja Maria Hilkhuijsen, global head of
Hedge funds have experienced a quiet start to the year with the Lyxor Hedge Fund Index flat year to date, and the trends observed in Q4 of last year continuing to prevail in early 2017, according to Lyxor’s latest Weekly Brief. Event driven led the pack last week and global macro has outperformed since the beginning of January. CTAs meanwhile, continue to lag behind. They have been negatively impacted by the pullback of the US Dollar and the reversal of energy prices.   Lyxor writes: “We have upgraded CTAs to Slight Overweight and maintained our strong convictions on fixed income

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